MCX Gold August futures fall 0.19% to Rs 27,620 per 10 grams on profit-booking

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MCX Gold August  futures fall 0.19% to Rs 27,620 per 10 grams on profit-booking

The prices of gold on MCX is trading lower on Monday. Gold futures on  MCX fell 0.19 percent to 27,620 rupees per 10 grams today as speculators offloaded positions to book profits amid weak world trend.

At the Multi Commodity Exchange, Gold August futures contract was trading at down by Rs 52, or In early morning trading Gold price hit an intraday high of Rs 27760 and an intraday low of Rs 27705.

KheloMCX Commodity Market analysts said that drop in gold futures by profiteers and weak tendency overseas is primarily driven by profit booking.

At U.S. Exchange, gold for August delivery dipped 0.4%, or $5.30, to trade at $1,314.70 a troy ounce during European morning hours.

KheloMCX Research Services provide gold tips, MCX tips and live prices updates.

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Best Tips Before Buying Gold Coins in India

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Gold is an integral part of Indian culture, Indian women like wearing gold jewelry and men love to gold investing for best performance. No matter in income levels, all Indian families have gold in one way or another and quantity depends on their financial strength. Many families spend in gold for future purposes such as child marriage, retirement, etc.

When you are planning buying gold for investment purposes should look at investment in coins and forward slashes rather than jewelery. There are some disadvantages in investing in jewelry. Golden jewelry draws wasting and making fees when buy or sell. Gold coins of 24 Kt not appeal any charges. Also if you wish to cash out the gold jewelry that is a bit more complicated in comparison of gold coins.

Whether you are thinking about investing in gold by buying gold coins in India, there are some best tips you must be taken to prevent the loss of money. Actually, here are some of the forms in which you could maximize your savings when investing in gold coins or bullion. So, KheloMCX offer you best important tips to keep in mind while buying gold coins in India.

Best Tips Before Buying Gold Coins in India

 

Best Tips for Buy Gold Coins in India:

When thinking about buying gold coins – the first place that springs to mind is probably the local goldsmith, but plenty more options available to you provision if you want to buy gold coins.

1. Buy gold coins at the bank:

A large number of Indian banks sell gold coins these days. Almost all the banks in India like as Bank Of Baroda to sell gold coins in different weights and shapes. The banks sell only coins and bars 2.5 grams to about 100 grams in tamper-proof packings. Banks are most reliable places to buy coins of pure gold, because it is almost zero percentage possibilities for fraud. The weight of and the purity of are 100% accurate. Banks also offer certified of purity of the gold coins they sell.

On the other hand, there are two disadvantages when deciding buying gold coins from banks. The first is the premium price at which banks sell gold, which is generally 10% – 15% compared to market price. In the second place they do not return to purchase gold coins from you. Upon leaving the bank after buying gold, that it is impossible sell gold back to the banks.

2. Buy gold coins from your local jeweler:

Gold jewels stores are the most accessible for purchasing gold coins. They are selling the coins in a variety of weights and shapes. If you are religious, you can buy coins in the form of God you pray. Else you can be gripped regular gold coin that is available on the same manner as in banks.

The majority of the Indians will have a family jeweler, and whether they sell gold coins or bullion, then you may find that this is the most inexpensive option. In addition, they will be ready to purchase – back gold coins, and it is an additional benefit of buying them.

3. Buy gold coins at the post office:

Other trusted sources for buying gold coins are Indian Government Post Offices. 24K sold 99% pure gold coins in several denominations ranging from 0.5 grams to 8 grams. India Post has introduced gold coins with India Post logo for sale to the customers across India. The gold coins are of the denomination 0.5 g, 1 g, 5 g and 8 g of 24 carat with 99.99% purity. The gold coins have the benefits of internationally recognized certification, quality packaging, product standardization and assayer certificate. This facility is available in 630 Post offices across India. So if you live in a small town that is not a bank selling gold, then are good possibilities that your area head Post office selling gold coins.

Just like the banks, the rates of golden coins in the post office are slightly above the Gold jewels shop. To price information on gold coins at the post-office, you have to go into the office closest post office personally and ask for pricing.

4. Buy gold coins from nationwide reputed retailers:

Across the major cities of India, you can go to a reputable retailers jeweler Tanishq nationally and level, and you can shop gold coins or bars of 24K & 22K by them. This gives you peace of mind, as they have a solid reputation and good layouts means that it will be an convenient option for many of you. They give you guarantee for gold purity and you can buy gold coin 1 gram brick 1 KG. Fees range on the amount of gold that you are considering buying. Maybe, if you want to purchase 500 grams or 1 KG gold for any corporate purpose, get into these institutions and order a good discount.

Some jewels, Zaveri Bazaar in Mumbai, will not provide cash in exchange for their coins of other jewelers like Tanishq. You can only get their gold coins or jewelry to change after certain fees.

5. Buy gold coins online:

I saw at least a couple of web sites like eBay India selling gold coins online, and it appeared to be legitimate. I’m not linking to them because I just could not look at reviews on them, and I know not anyone that has bought golden coins online in India. Also, when I checked the price of a gold coin of 2 grams on its website and compared it with golden coins SBI is for sale, – I found that the online shop is exacting a higher price. Webshop was begging Rs. 7250 for a 2 grams of 99% pure gold coin, while the price I saw on the SBI was Rs. 6153. This has perfect sense to me, and on a personal, I prefer to going to a bank and buying gold coins instead of paying extra for a store online for purchase gold coins.

So buying gold coins in India a wide array of sources. You can choose the one that suits your need.

KheloMCX.com is a good idea for anyone who wants to make money by investing or trading gold markets in India or secure their money by using their gold trading tips. Learn more about KheloMCX free trading advisory on mobile visit here: http://khelomcx.com/free-trial-commodity-tips

Gold gain in Asia on bargain hunting, MCX Gold rise 0.43 per cent

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Gold gain in Asia on bargain hunting, MCX Gold rise 0.43 per cent

The prices of gold gained in Asia on bargain hunting after an optimistic assessment of the U.S. economy by a Fed official attenuated tapped overnight the metal. MCX Gold prices rose by 0.43 per cent to Rs 27,785 per 10 grams in futures trade, as profitters created new positions taking positive global cues.

At the Multi Commodity Exchange India, gold contract for August delivery went up by Rs 118, or 0.43 per cent, to Rs 27,785 per 10 grams. Gold price hit an intraday high of Rs 27799 and an intraday low of Rs 27641. So far 4006 contracts have been traded.

In the U.S. Stock Exchange, Gold futures edge for delivery in August quoted at $ 1,317.70 a troy ounce, up 0.05%, after hitting a session low during the night of $ 1,307.00 and a maximum of $ 1320.60.

Khelo MCX said,  higher positions built by profiteers after the precious metal joined a two-week high in world markets as investors scale weigh the outlook for borrowing costs in U.S. Gold futures edge influenced here.

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Gold prices eased amid low volume trade

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Gold prices eased amid low volume trade

The prices of gold were eased a bit on the spot and futures markets on Tuesday, in line with the low volume trend of the global markets, as traders waited further signs of insurgents-hit Iraq.

Spot gold prices continued to positive stroke on Monday at the weakness in U.S. stocks and the rising violence in Iraq. The yellow metal hovered near its up to two months of $ 1321.90 after its biggest weekly gain within three months last week.

The yellow metal expanded 3 percent gain last week as Iran’s supreme leader blamed the United States on Sunday to trying to return to take over Iraq, exploiting of sectarian rivalries, and Sunni insurgents led to Baghdad from new forts along the frontier with Syria.

On the MCX, prices are expected to trade lower gold aligned with global markets. On an intraday basis,  bullion prices to trade towards the sides as the account of profit booking at the higher levels lead to lower volume.

The August futures contract on MCX gold quoted at 27,608 rupees per 10 grams in the session of the morning, by nearly  Rs 70 down of late Monday. The metal hit an intraday high of Rs 27,647 per 10 grams and an intraday low of Rs 27,585.

In the spot market price dropped 300 rupees per 10 grams from Rs 28,200. “Trading volumes are low. Market is completely dull. Prices are expressed in range and a consolidation mode. This trend will likely to continue this week.” Khelo MCX Commodity Advisory said.

Bullion Dealers said the prices could be drop even further in coming days. “Gold has fallen because investors expected the development of the haunted violence Iraq. If geopolitical tension will installed in Iraq, gold fall further. We see no immediate rise in Rupees which could making gold costlier,” said bullion experts.

Globally, bullion for immediate shipment was 0.3% to $ 1313.98 an ounce and was bid at $ 1,314.94 at 2:01 pm in Singapore, in accordance with Bloomberg generic prices. Gold rose to $ 1322.12 on 20 June, the highest level since April 15, after the Federal Reserve said it would keep interest rates near zero for some considerable time even when the economy improves.

KheloMCX Research Services provide gold futures tips and gold prices live updates.

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Gold price higher on spot and futures markets on weak rupee, worries over Iraq, Ukraine

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Gold price higher on spot and futures markets on weak rupee, worries over Iraq, Ukraine

Gold quoted higher in spot and futures market on Monday, while the rupee depreciated versus the dollar and international prices rose due to concerns about Iraq and Ukraine.

At the MCX future market, the August contract up 0.17% to Rs 27,718 per 10 grams in the morning session. The metal hit an intraday high of Rs 27,740 and a low of Rs 27,605.

Meantime, October contract gold shed Rs 24, or 0.09 per cent, to Rs 27,725 per 10 grams.

In the spot market, prices rose Rs 200 per 10 gms to Rs 28,500.

” We wish to be a bit careful if you buy gold  for an investment in the current trend towards we are looking. We believe there are three important factors that have to the sudden prices soaring of gold. The primary is a statement the Fed, Janet Yellen, they are pessimistic right now in the economy and, therefore, there is an increase in interest rates has come all at once in a lot of notional interest in gold. Iraq also assisted. Therefore, this is a a very short time trend for gold.”, KheloMCX Advisory said.

According to, the good level of investing in gold would be approximately Rs 25,000-26,000 per 10 grams. KheloMCX meatl expects the yellow slide to this level in the coming months. The positive side for gold have a top around Rs 28000-29000 per 10 gm, they added.

Prithviraj Kothari, vice president of the Association of Jewellers and Bullion India, said prices could cross Rs 30,000 per 10 grams if the Iraq crisis deepens, Although being a lull for buying gold. “We are also waiting to get the budget measures,” he added.

In the international marketplace, bullion for prompt delivery was $ 1,314.05 an ounce at 2:35 in the afternoon Singapore from $ 1314.82 on June 20, according to Bloomberg generic prices. Gold jumped to $ 1322.12 on the same day, the highest level since April 15, speculation that interest costs in the U.S. will still be low.

Gold has completed a third weekly gain past week after the Federal Reserve said it will keep the interest rates almost to zero for a considerable period. In China, the world’s largest consumer, contract volumes for the reference spot in Shanghai fell for a second day on June 20. Assets in the SPDR Gold Trust hovered near a minimum of one month to 782.62 metric tons.

In global marketplace, gold is on its way to its first profit-back-to-back quarterly since 2011, partly as violence escalated in Iraq and the tension between Ukrainian and Russian spurred demand for refuge.

KheloMCX Commodity Tips Advisory provide gold futures tips and gold market live prices  updates.

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MCX Gold, Silver to trade positive as strong global ques

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MCX Gold, Silver to trade positive

At MCX Gold, Silver to trade positive in line with strong international markets trend.

Bullion Gold rose to the highest level in longer than two months as a lack of commitment to raising interest rates by the Federal Reserve and follow the stresses in the Middle East they performed as a positive factor. U.S. Dollar fell after the Fed said Wednesday that follow a policy of interest rates close zero to support the economy, disappointing traders who had traded on signs of tightening policy.

After noon at 12:30 PM IST, on the Multi Commodity Exchange gold for delivery in far-month October rose by Rs 63, or 0.23 per cent, to Rs 27,720 per 10 grams.

At U.S. Exchange, Gold futures for August delivery traded at $1,319.60 a troy ounce, up 0.42%.

Silver gained up 4.1 percent to $ 20.68 an ounce, having touched $ 20.91 previously, a maximum of three months. Its biggest daily gain within four months was recorded. Prices of silver are moving signals to have a strong gold prices as the Fed signs that its policy interest rates near zero will continue over a longer period time.

After noon at 12:30 PM IST, on the Multi Commodity Exchange Silver for delivery in July was trading at Rs 44460 up Rs 149, or 0.34 percent.

At U.S. Exchange, Silver for July delivery rose 0.83% at $20.820 a troy ounce.

KheloMCX.com is a leading commodity tips advisory provide gold futures tips and gold market live prices  updates. Visit here for free mcx gold trading tips.

MCX Gold futures prices ease 0.50% to Rs 26,706 per 10 gram

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MCX Gold futures prices ease 0.50% to Rs 26,706 per 10 gram

Gold prices eased slightly at MCX on Wednesday in mild profit taking with the focus on the upcoming Fed announcement, and a weak trend overseas.

At the Multi Commodity Exchange in early morning trade, gold August delivery contracts eased by Rs 133, or 0.50%, to Rs 26,706 per 10 gram.

At U.S. Exchange, gold futures for August delivery traded at $1,271.50 a troy ounce, down 0.04%, after hitting an overnight session low of $1,259.00 and off a high of $1,273.50.

KheloMCX Commodity Analysts said, ” The Fed will hold a policy meeting on Wednesday, for two days, and the U.S. central bank is seen to scale back their program of buying assets by another $ 10 billion, despite increases in benchmark interest rates will not come until at some point in 2015. ”

Purchases of assets by the Fed to stimulate the recovery point by suppressing interest rates in the long term and this weakens the dollar as a side effect, increasing the appeal of gold as a hedge.

Analysts said a weak trend in the overseas markets put pressure on the gold prices at futures market.

KheloMCX Commodity Tips Advisory provide gold futures tips and gold market live prices  updates. Click here for free mcx gold trading tips.